CITY & CORPORATE
Liberty confirms bid talks
12 March 2010 | by The Retail Bulletin
Liberty has confirmed rumours it is talking to potential buyersLiberty said it had received approaches which may or may not lead to an offer being made for the Company. Over the past six months Liberty has been examining and assessing a range of options and initiatives that would enable it to build upon its success since the launch of the Renaissance of Liberty in February 2009. This has included seeking investors who could bring capital and expertise to help develop and grow the business both within the UK and internationally.
At the time of its trading statement in January 2010, the Company said overall revenue for the year to December 2009 grew by 20% and that the flagship store generated a 16% revenue increase during the course of 2009 compared to the previous year. All divisions increased revenue with the on-line sales platform enjoying a particularly strong Christmas.
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